What Lululemon said about the strength of the consumer in the US, Canada and China
Shares of Lululemon are down 18% today after the company cut guidance and cited a ‘dynamic macroenvironment’ for the decline. The stock market more broadly certainly isn’t worried about that call with the S&P 500 up 1.2% today. This isn’t a Fed call as the market has trimmed about 8 bps of easing for the year ahead since the…